management

By Phil Kerrigan, TEC Chair– The cost to businesses for such a high failure rate is enormous and at times fatal. I believe ‘leadership’ is a problem. In Peter Drucker’s seminal work Management, he said that management consisted of 4 elements – Planning, Organising, Control and Leadership. ‘Leadership’ is not an end unto itself. […] more

This month, I had the pleasure of attending an AICD event discussing the (hopefully) impending changes to the insolvency laws by the introduction of so=called “safe harbour defences”. One of the speakers was Adrian Loader of Allegro Funds who, apart from what follows, reminded us of the lack of experience generally in management and on Boards in dealing with insolvency as we have not had a serious recession in Australia since the early 90’s. So it seemed to me that it was time for another wake-up call for TEC members. Continue reading →

By Ian Neal, TEC Chair– Understanding the concept of marginal contribution can be a powerful weapon in setting strategy. Once overheads have been covered every extra dollar of sales can often have a dramatic impact on the bottom line. […] more

As we see the dawn of a new focus on innovation in our government, it’s the perfect time to look to enterprise to see what innovation looks like in action and how we can drive our businesses to take advantage of the new world which has arrived almost unannounced. Continue reading →